4 June 2020 – MUFG Bank (Europe) N.V. (MBE) has appointed Wietze Reehoorn as the new Chairman of its Supervisory Board.

A highly experienced figure in the Dutch banking sector, Wietze spent 30 years at ABN AMRO, where he worked across the company in a variety of roles, including Head of Corporate Banking, Head of Financial Restructuring and Recovery, Group Strategist, and Chief of Risk and Strategy.

He was also a member of ABN AMRO's management board for eight years, concluding his tenure in 2018. Wietze is also currently a member of the Board of the National Bank of Greece. As Chairman of the MBE Supervisory Board, Wietze will succeed Wilfred Nagel who announced his retirement.

Hideaki Takase, President and CEO of MBE, commented:

"Wietze's broad career experience in corporate banking, strategy as well as risk combined with his strong leadership skills will ensure that MBE continues to enhance its business strategy and risk management. I very much look forward to working with him."

The appointment of Wietze to MBE's Supervisory Board follows closely that of Gisella van Vollenhoven-Eikelenboom, who joined the Supervisory Board, and Chair of its Audit, Compliance and Risk Management Committee on 31 March 2020.